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Code · Montana · Title 33 — Insurance and Insurance Companies · Chapter 7 · Part 5

33-7-520. Benefits.

117 words·~1 min read·/mt/title-33/chapter-7/part-5/33-7-520·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

33-7-520 . Benefits.
(1)A society may provide the following contractual benefits in any form:
(a)death benefits;
(b)endowment benefits;
(c)annuity benefits;
(d)temporary or permanent disability benefits;
(e)hospital, medical, or nursing benefits;
(f)monument or tombstone benefits to the memory of deceased members; and
(g)other benefits authorized for life insurers that are not inconsistent with this chapter.
(2)A society shall specify in its rules those persons who may be issued or covered by the contractual benefits in subsection (1), consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person.
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